We need some re-naming of things

Discussion in 'Options' started by wxytrader, Aug 21, 2024.

    • Short interest ratio should be Short squeeze duration or Short cover duration
    • Margin should be Loan value
    • Arbitrage/Parity should be Price imbalance
    • Gamma squeeze is wrong...it should be Gamma dump since gamma drops as volatility spikes. Yes when volatility spikes, shorts can get trapped, and thus squeezed...so we are applying the squeeze to gamma for some reason...probably because it sounds cool lol.
    • Theta decay should be Price decay because theta isn't decaying...its increasing. I realize the term is conjoining the idea that price is decaying from the theta increasing but it can be confusing to people...also sounds cooler I guess. I'm noticing a lot of these terms are to try to sound cool.
    • Risk reward has always bothered me because its easier to say risk reward, but the ratio looks and sounds better with the higher number first ie 3:1...but that would be a terrible risk reward. So you either put 3:1 and call it reward to risk which sounds cumbersome, or you have 1:3 and call it risk reward, but the numbers don't look or sound right. Better to be done with the ratio entirely and use Return on risk.
    • Splits should be 10 for 1 not 10:1, and reverse splits should be 1 for 10 instead of 1:10.
     
    Last edited: Aug 21, 2024
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  1. Robert Morse

    Robert Morse Sponsor

    OK, I'll play.
    Short interest ratio should be Short interest ratio
    Margin should be Required Equity
    Arbitrage/Parity should be Mispricing Arb
    Gamma squeeze should be Short Vol Squeeze
    Theta decay should be Price decay

    So where is Anytown? :D
     
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  2. I always wondered where that jargon appeared for the first time. It would be interesting to read something about the origins of that naming convention.
     
  3. Robert Morse

    Robert Morse Sponsor

    IMO they start on trading floors like the CBOE, NYSE and CME. Then Business media programs like the ones on CNBC have guests from those floors or trade desks that use those terms.

     
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  4. deaddog

    deaddog

    Stop loss should be Capital protection exit.
     
  5. 2rosy

    2rosy

    always wondered why hand signals at CME were called arbing
     
  6. Robert Morse

    Robert Morse Sponsor

    I had to learn hand signals on the AMEX. They differ on every floor. So does the language used to announce your orders or market in that Pit or Crowd.

     
  7. SunTrader

    SunTrader

    AB = CD pattern should really be CD = AB because that is the way price plots left to right (AB is in the past, locked in place - CD is then compared to it), but the anal-retentives need alphabetical order maintained to be right with the world.
     
  8. poopy

    poopy

    bc the clerk isn't allowed to yell and it's quicker than running to the pit. It's an arb relative to the runner with an order slip.
     
  9. C99

    C99

    For a long time they arb'd the big floor traded S&P contract vs the emini. They would have one guy on the screen and one in the pit and used the hand signals to balance up their book.
     
    #10     Aug 21, 2024
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